Chase UK has signed an exclusive deal with Direct auto Financial Services, part of Provident Financial, to restructure the finances of its clients who are in minor arrears.With their permission, Direct auto will refer clients who have equity in their homes but are struggling to afford their outgoings to Chase UK. The packager will the advise on secured loans and remortgage options from the whole of the market in an attempt to reduce clients outgoings by at least 15%. Chase UK is looking at securing similar agreements with other companies which deal with clients who may have trouble meeting their financial commitments. Terry Pritchard, managing director of Chase UK, says this is an alternative way to generate good quality leads. Clients do not have to pay for the advice and Direct Auto does not receive any payment for referrals unless cases complete. Pritchard adds: This is a situation where everyone wins. It works for Direct Auto, Chase UK and most importantly for people with financial problems. This deal is all about treating customers fairly. Direct Auto, formerly known as Yes Car Credit, is one of the largest sellers of used cars in the UK. Yes was the subject of a BBC Whistleblower investigation in 2005, when the programme lifted the lid on a number of dodgy sales practices. Direct Auto is in the process of running down its book and letting existing customers pay off their loans.
Home Information Packs were the cause of another spat between the government and the Conservative party last week. It started with Conservative MPs pressing housing minister Yvette Cooper on the precise timetable for the introduction of HIPs and ended with Cooper cautioning Michael Gove, Tory MP for Surrey Heath, against becoming the parliamentary spokesperson for […]
House prices rose by 5.1% in April from 186,000 in March to 188,000, the latest housing index from the Department for Communities and Local Government has revealed. Annual house price inflation in London was 7.1% in April 2006, up from 4.0% in March 2006.The UK annual house price inflation rate for the three months to […]
From Peter Stokes Thanks to Mortgage Express for its pocket World Cup planner gift. Now I won’t miss Ivory Coast vs Serbia & Montenegro and can plan all the big screen matches at work and home. But I hope that by using targeted marketing and postcode analysis, MEX avoided brokers with Scottish addresses or family […]
BDS Mortgage Group has appointed Sarah Barnett as their new business development manager, with responsibility for managing key broker relationships.Barnett brings with her a wealth of relevant industry experience including packager Advantage Homeloans and NatWest, where she was a commercial mortgage manager. Barnett joins the sales team as the main representative for the South West […]
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